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Bryan Hagen Opens His Own Appraisal Shop

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Bryan Hagan

We all know Bryan Hagen, who worked for renown appraiser DW Skelton for almost 13 years, who helps us figure out this cray cray real estate market from time to time.

Bryan has left Skelton & Associates to fulfill a dream of starting his own appraisal firm. It’s Hagen Appraisal Services and he is (sometimes) operating out of his home office — he tells me 95% of appraisers work out of their homes, anyhow.

Of course Bryan hasn’t missed a beat at work. He tells me the Dallas market continues to see tons of multiple offers in the $500,000 to $600,000 home price range. Appraisers are still catching up on sales because comps that are even one month old can be, well, OLD in this market. (Forget 30/60 comps, way outdated). Appraisers are really having trouble getting to values.

“It’s the busiest summer we’ve seen in the last 2 to 3 years,” said Bryan. “Usually things slow down in July, and August is typically the slowest month of the year. July was not slow. Right now I don’t envision a slow August, either.”

The big homes are taking longer to sell, but sell they are, like that recent sale on Inwood Road. Lots are hot and trading in Park Cities.

Bryan’s prediction for fall: another strong season with lots trading, lots of building. He’s not worried about interest rates. No sir.

“The 1980’s saw the hottest market ever with 18% interest rates,” he says.

Are we getting to a bubble I ask? (Even frothy?)

“I don’t see any signs,” he says. “There are too many companies and people moving here. Its the major corporations. No bubble in 2016. Everything is healthy.”

Warning: Bryan does think there is a limit on how high land values can go.

“We cannot have double digit increases for another ten years,” he said.

And dirt, he says, is very, very much in demand right now.

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Candy Evans

Candy Evans is one of the nation’s leading real estate reporters, bloggers and consultants. She reports on Dallas real estate for WFAA-TV’s Daybreak with Ron Corning, and is frequently called as a real estate expert by other Dallas media. She is also a real-estate editor for CultureMap Dallas, Modern Luxury Dallas, the Katy Trail Weekly and the White Rock Weekly. She even has her own web-based Real Estate show called, The Party Line. Candy has written for AOL Real Estate, and is a guest blogger for Joel Kotkin’s The New Geography, Inman Real Estate News plus a host of national sites. Candy was a longtime contributing editor to Dallas’ D Magazine and sister pubs, and in 2007 founded the wildly successful Dallas real estate blog, DallasDirt. That’s where she broke the news on where former president George W. Bush bought his Dallas home in 2008. She is the founder and publisher of an exciting platform of Dallas-based real estate sites including SecondShelters.com, devoted to the vacation home market, and her signature CandysDirt.com, everything you need to know about real estate in North Texas. And yes, we are still psyched about the GOLD! In 2013, CandysDirt.com was named Best Blog by the venerable National Association of Real Estate Editors, one of the nation’s oldest and most prestigious journalism associations, and the only association for journalists covering real estate, home and urban design. We snatched silver in 2015, and who knows what 2016 brings...

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